Share buy-back programme
Share buy-back Binder+Co AG, ISIN Code AT000BINDER3:
SHARE BUY-BACK PROGRAMME from March 27, 2009 until September 25, 2011
Following the approval of a resolution by the 10th Annual General Meeting of Binder+Co AG shareholders on March 25, 2009, the Management Board was authorised for a period of 30 months, which will expire on September 25, 2011, to repurchase company stock, whereby the number of shares bought shall not exceed 10% of share capital and the transaction value per purchased share be between EUR 7.00 and EUR 20.00. This resolution was published on the Binder+Co website on March 27, 2009.
On March 27, 2009, the Binder+Co AG Management Board decided to implement this authorisation. Binder+Co AG commenced the buy-back of its shares on May 25, 2009.
Information concerning the buy-back programme
Duration: March 27, 2009 until September 25, 2011 at the latest
Share category: ordinary shares
Planned volume: maximum of 375,000 ordinary shares, i.e. 10% of share capital
Purchase price: according to the AGM resolution, the purchase price per share shall be between EUR 7.00 and EUR 20.00.
Type of purchase: stock exchange
In view of the extremely limited liquidity of the share, following agreement with the Financial Market Authority (FMA), Binder+Co will purchase up to 50% of average daily turnover. This means that the limit of 25% of average daily turnover established by the VO 2273/3003 of the EU Commission will be exceeded.
Purpose of purchase: stock option programme – issue of the shares to the workforce, executive management and members of the company’s Management Board.
The stock option programme is scheduled to last five years. The following distribution is planned:
The share buy-back programme has no effect on the Binder+Co AG stock exchange trading authorisation.
In accordance with §§ 6 and 7 of the Publication Directive, changes and the transactions completed within the scope of the buy-back programme will be published via the Internet on this website.
SHARE BUY-BACK PROGRAMME from March 27, 2009 until September 25, 2011
Following the approval of a resolution by the 10th Annual General Meeting of Binder+Co AG shareholders on March 25, 2009, the Management Board was authorised for a period of 30 months, which will expire on September 25, 2011, to repurchase company stock, whereby the number of shares bought shall not exceed 10% of share capital and the transaction value per purchased share be between EUR 7.00 and EUR 20.00. This resolution was published on the Binder+Co website on March 27, 2009.
On March 27, 2009, the Binder+Co AG Management Board decided to implement this authorisation. Binder+Co AG commenced the buy-back of its shares on May 25, 2009.
Information concerning the buy-back programme
Duration: March 27, 2009 until September 25, 2011 at the latest
Share category: ordinary shares
Planned volume: maximum of 375,000 ordinary shares, i.e. 10% of share capital
Purchase price: according to the AGM resolution, the purchase price per share shall be between EUR 7.00 and EUR 20.00.
Type of purchase: stock exchange
In view of the extremely limited liquidity of the share, following agreement with the Financial Market Authority (FMA), Binder+Co will purchase up to 50% of average daily turnover. This means that the limit of 25% of average daily turnover established by the VO 2273/3003 of the EU Commission will be exceeded.
Purpose of purchase: stock option programme – issue of the shares to the workforce, executive management and members of the company’s Management Board.
The stock option programme is scheduled to last five years. The following distribution is planned:
| Management Board: | 20,000 shares |
| Segment managers: |
37,000 shares |
| Unit managers: | 73,000 shares |
| Other employees: | 166,000 shares |
The share buy-back programme has no effect on the Binder+Co AG stock exchange trading authorisation.
In accordance with §§ 6 and 7 of the Publication Directive, changes and the transactions completed within the scope of the buy-back programme will be published via the Internet on this website.
Member of the Management Board